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Last Updated on September 6, 2018

How to Become an Entrepreneur? 12 Tips from Successful Entrepreneurs

How to Become an Entrepreneur? 12 Tips from Successful Entrepreneurs

Being a successful entrepreneur doesn’t just happen to someone. People work hard, learn the ins-and-outs of their business, and apply the methods that work in order to become successful.

When you’re starting out as an entrepreneur, you want to make sure you know what makes successful entrepreneurs.

How to become an entrepreneur? What do successful entrepreneurs and business people like Bill Gates do to become so successful?

Here’re the secrets:

1. Never take “no” for an answer

Want to know why after so many let downs and disappointments, supper successful entrepreneurs still find their way to the top?

It’s because they never took “no” for an answer. This is the kind of spirit successful folks like Richard Branson have in them.

When you reach out for assistance from people, and they turn you down, do not take their response to your requests as a determinant factor to your success.

I once reached out to experts to interview them for a post I was writing and a particular expert told me my idea was already “beaten to death” and no one would be interested in it again.

I was let down by his response and thought to rethink my idea. But I did not.

I forged ahead with renewed strength and even reached out to more experts. After the post went live, I got so many positive responses from the community and the article was even mentioned on Forbes, and several other publications.

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Had I taken the response of that one responder who told me my idea was already beaten to death, I wouldn’t have had the success I had with the article.

As an entrepreneur, never take a “no” for an answer.

2. Work like you’re going to retire tomorrow

You know one thing about retirement? It makes us want to work harder to save more.

As an entrepreneur, you need to work like you’re going to retire tomorrow. In the spirit of every successful entrepreneur is the desire to work hard.

Successful entrepreneurs find fun and joy in hard work. So they never get tired. And when success finally comes, they’re just well-prepared for it.

3. Employ a mentor

One thing common with most successful entrepreneurs is they have mentors.

As an entrepreneur, you should have a successful role model whose experience will guide your career. This means you need someone who is successful and is willing to share their experiences with you.

If you find it difficult convincing your role model to mentor you, then work hard to impress them.

Besides, you could learn from someone by being an avid reader of their works. Most successful entrepreneurs are also prolific authors. Think Bill Gates or Richard Branson. They’ve all written books that teach their business principles and ideas.

4. Spy on your competitors every now and then

One good thing about entrepreneurship is that you have the freedom to also learn from your competitors. Chances are you have competitors that are way more successful than you are.

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What about the chances that they’ll be willing to teach you their trade? Very slim.

By spying on your most successful competitors, you can learn from their mistakes and apply their best practices to your business.

Buy their products, pose like a customer, and find out their weaknesses.

5. Copy the best challenger

Have you ever heard that copying others is a sin? Well, maybe in exam halls.

But get over it, this is not high school. In the business world, the best copycats tend to emerge the most successful.

Copy what works best from your best challenger and incorporate them into your business. This could include everything from their customer support approach or their marketing tactics.

6. Be humble and stay hungry

As an entrepreneur, you should learn to put your ego to check. You know what kills most businesses very fast? The big egos of their top executives.

Learn to espouse humility and always stay hungry as Steve Jobs always said. He was actually fired from the company he later came back to and saved!

By staying hungry, you’ll be willing to learn new things that could come in handy in the future. Not staying hungry breeds complacency and conceit in entrepreneurs.

The moment you become complacent, you allow others to overtake you and leave you behind.

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7. Do favors like it’s your talent

Learn to do favours without expecting anything in return. When you do favors for people, you get a sense of satisfaction in you that helps you stay motivated.

One thing I’ve also learned from successful entrepreneurs is the most successful never get tired of doing favors.

Neil Patel of QuickSprout has shared numerous stories of how helping people has moved his business forward. There’s even a research into why billionaires who give more of their wealth become even richer.

8. Move fast and improve quickly

In the entrepreneurial world, there’s nothing like taking it slow. Mark Zuckerberg even has a mantra for the importance of speed in business. He often says:

“Unless you are breaking stuff, you are not moving fast enough.”

When I wanted to get started into the internet marketing industry, Yasir Khan, the founder of QuantumSEOLabs, shared his story as a beginner with me:

“I started working with blogs like eZineArticles and then worked up the ladder…now own my company in Canada.”

Many who know EzineArticles today would not even take a second look at the site.

The bottom line is, don’t spend so much time on making decisions. Deliver first, and then improve constantly.

9. Move with a pack

The people you move with as an entrepreneur can also determine how soon you’re going to become successful. That is why it’s advisable to move with a pack of reliable people.

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10. Dream big

Don’t be afraid to dream big. Successful entrepreneurs achieve because of their big dreams.

The co-founders of Google once said their marketing officer once asked them who they wanted to market to and they responded by saying the whole world.

Well, if dreaming big hurts, Google wouldn’t be the gigantic corporation it is today.

11. Love yourself

Sound cliche? But it’s true. An entrepreneur should learn to love yourself.

Many people bother too much about pleasing others that they downright ignore their own feelings. In the entrepreneurial world, you need to give yourself all the love you can afford.

Most people won’t care about your feelings. Everybody is busy trying to win, so stop worrying about pleasing others and start loving yourself!

12. Employ smarter people

The people that work with you are going to play a huge role in the success of your business. Smart people build better businesses.

When the time is ripe for you to start hiring people, you need to seek out the smart ones. Seek for people that are smarter than you are.

To all entrepreneurs who want to become successful early in life, start dreaming big and give your time to others, but never forget to focus on yourself!

Featured photo credit: Unsplash via unsplash.com

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Last Updated on November 15, 2018

Success In Reaching Goals Is Determined By Mindset

Success In Reaching Goals Is Determined By Mindset

What do you think it takes to achieve your goals? Hard work? Lots of actions? While these are paramount to becoming successful in reaching our goals, neither of these are possible without a positive mindset.

As humans, we naturally tend to lean towards a negative outlook when it comes to our hopes and dreams. We are prone to believing that we have limitations either from within ourselves or from external forces keeping us from truly getting to where we want to be in life. Our tendency to think that we’ll “believe it when we see it” suggests that our mindsets are focused on our goals not really being attainable until they’ve been achieved. The problem with this is that this common mindset fuels our limiting beliefs and shows a lack of faith in ourselves.

The Success Mindset

Success in achieving our goals comes down to a ‘success mindset’. Successful mindsets are those focused on victory, based on positive mental attitudes, empowering inclinations and good habits. Acquiring a success mindset is the sure-fire way to dramatically increase your chance to achieve your goals.

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The idea that achieving our goals comes down to our habits and actions is actually a typical type of mindset that misses a crucial point; that our mindset is, in fact, the determiner of our energy and what actions we take. A negative mindset will tend to create negative actions and similarly if we have a mindset that will only set into action once we see ‘proof’ that our goals are achievable, then the road will be much longer and arduous. This is why, instead of thinking “I’ll believe it when I see it”, a success mindset will think “I’ll see it when I believe it.”

The Placebo Effect and What It Shows Us About The Power of Mindset

The placebo effect is a perfect example of how mindset really can be powerful. In scientific trials, a group of participants were told they received medication that will heal an ailment but were actually given a sugar pill that does nothing (the placebo). Yet after the trial the participants believed it’s had a positive effect – sometimes even cured their ailment even though nothing has changed. This is the power of mindset.

How do we apply this to our goals? Well, when we set goals and dreams how often do we really believe they’ll come to fruition? Have absolute faith that they can be achieved? Have a complete unwavering expectation? Most of us don’t because we hold on to negative mindsets and limiting beliefs about ourselves that stop us from fully believing we are capable or that it’s at all possible. We tend to listen to the opinions of others despite them misaligning with our own or bow to societal pressures that make us believe we should think and act a certain way. There are many reasons why we possess these types of mindsets but a success mindset can be achieved.

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How To Create a Success Mindset

People with success mindsets have a particular way of perceiving things. They have positive outlooks and are able to put faith fully in their ability to succeed. With that in mind, here are a few ways that can turn a negative mindset into a successful one.

1. A Success Mindset Comes From a Growth Mindset

How does a mindset even manifest itself? It comes from the way you talk to yourself in the privacy of your own head. Realising this will go a long way towards noticing how you speak to yourself and others around you. If it’s mainly negative language you use when you talk about your goals and aspirations then this is an example of a fixed mindset.

A negative mindset brings with it a huge number of limiting beliefs. It creates a fixed mindset – one that can’t see beyond it’s own limitations. A growth mindset sees these limitations and looks beyond them – it finds ways to overcome obstacles and believes that this will result in success. When you think of your goal, a fixed mindset may think “what if I fail?” A growth mindset would look at the same goal and think “failures happen but that doesn’t mean I won’t be successful.”

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There’s a lot of power in changing your perspective.

2. Look For The Successes

It’s really important to get your mind focused on positive aspects of your goal. Finding inspiration through others can be really uplifting and keep you on track with developing your success mindset; reinforcing your belief that your dreams can be achieved. Find people that you can talk with about how they achieved their goals and seek out and surround yourself with positive people. This is crucial if you’re learning to develop a positive mindset.

3. Eliminate Negativity

You can come up against a lot of negativity sometimes either through other people or within yourself. Understanding that other people’s negative opinions are created through their own fears and limiting beliefs will go a long way in sustaining your success mindset. But for a lot of us, negative chatter can come from within and these usually manifest as negative words such as can’t, won’t, shouldn’t. Sometimes, when we think of how we’re going to achieve our goals, statements in our minds come out as negative absolutes: ‘It never works out for me’ or ‘I always fail.’

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When you notice these coming up you need to turn them around with ‘It always works out for me!’ and ‘I never fail!’ The trick is to believe it no matter what’s happened in the past. Remember that every new day is a clean slate and for you to adjust your mindset.

4. Create a Vision

Envisioning your end goal and seeing it in your mind is an important trait of a success mindset. Allowing ourselves to imagine our success creates a powerful excitement that shouldn’t be underestimated. When our brain becomes excited at the thought of achieving our goals, we become more committed, work harder towards achieving it and more likely to do whatever it takes to make it happen.

If this involves creating a vision board that you can look at to remind yourself every day then go for it. Small techniques like this go a long way in sustaining your success mindset and shouldn’t be dismissed.

An Inspirational Story…

For centuries experts said that running a mile in under 4 minutes was humanly impossible. On the 6th May 1954, Rodger Bannister did just that. As part of his training, Bannister relentlessly visualised the achievement, believing he could accomplish what everyone said wasn’t possible…and he did it.

What’s more amazing is that, as soon as Bannister achieved the 4-minute mile, more and more people also achieved it. How was this possible after so many years of no one achieving it? Because in people’s minds it was suddenly possible – once people knew that it was achievable it created a mindset of success and now, after over fifty years since Bannister did the ‘impossible’, his record has been lowered by 17 seconds – the power of the success mindset!

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